What is Phillips 66's chemicals — net gain on dispositions?

Phillips 66 (PSX) reported chemicals — net gain on dispositions of $0 in Q1 2026.

What does chemicals — net gain on dispositions mean?

The net profit or loss recognized from the sale or disposal of assets within the chemicals segment. This represents non-recurring income derived from optimizing the asset portfolio or exiting specific chemical product lines.

Phillips 66 PSX Chemicals — Net gain on dispositions

Other segment segments

M&S

$1.02B—

Midstream

$6M-91.3%

Refining

$0—

Renewable Fuels

$0—

Similar metrics at other companies

CSXGain/(loss) on dispositions, net

$4.25M+54.5%

GATXOther — Net gain on asset dispositions

$100K—

FIXGain/(loss) on dispositions, net

$302K-45.7%

DLRGain/(loss) on dispositions, net

$42.87M-70.4%

EPDGain/(loss) on dispositions, net

-$1M-150%

DDOGGain/(loss) on dispositions, net

-$1.13M-882%

Other financials

Income statement

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Revenue$32.5B+6.9%

Gross profit$3.3B+20.0%

Net income$207.0M-57.5%

EPS (diluted)$0.51-56.8%

Balance sheet

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Cash & equivalents$5.2B+246%

Total debt$21.7B+0.7%

Total equity$28.5B+4.6%

Total assets$84.1B+17.0%

Cash flow

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Operating cash flow-$2.3B-1,311%

Valuation

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Market cap$68.86B+35.5%

P/E16.7×-10.7×

P/S0.5×+0.1×

Profitability

See full

Gross margin12.5%+3.4pp

Net margin3.1%+1.7pp

Returns & leverage

See full

Return on equity14.8%+8.3pp

Debt / equity0.7×0.0×

Current ratio1.1×-0.1×

Where this comes from

Reported directly by Phillips 66 in its filing.

Tagged under the XBRL concept psx:GainLossOnDisposition.

The official record: Phillips 66’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Phillips 66's chemicals — net gain on dispositions?: Phillips 66 (PSX) reported chemicals — net gain on dispositions of $0 in Q1 2026.
What does chemicals — net gain on dispositions mean?: The net profit or loss recognized from the sale or disposal of assets within the chemicals segment. This represents non-recurring income derived from optimizing the asset portfolio or exiting specific chemical product lines.